Triboo: gain of € 2.6 million from the sale of a start-up Friendz
Triboo comes from the startup Friendz, generating a capital gain of 2.6 million and a return on investment of 7.5 times. These figures confirm the group as a technology incubator of success. The operation is appreciated by the market. In a session matching to the downside, the title Triboo, which is listed on the price list Aim Italia, marks from the first exchanges of Piazza Affari, a jump of over 4 and a half points percentage.
In detail, Triboo digitale has signed an agreement for the sale of the entire shareholding, equal to 20,32% of the startup Friendz at the same Friendz. The operation, which should be perfected by 30 June, provides for a fee of almost 3 million euros, of which 1.8 million is to be paid at the time of the transfer of the holding, and the remaining 1.16 million to be paid in seven monthly installments of equal amount, with a maturity of last payment December 31, 2018. The sale generates for the Triboo group, led by Julius Horn, a gain of 2.6 million and a return, in less than two years, equal to 7.5 times the initial investment.